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Schwab Renews Nearly 420K-SF HQ Lease, Deal Among 2016’s Largest

Charles Schwab Corp. is staying at its HQ in San Francisco after considering relocation options across the Bay Area. The financial services company leased 417,266 square feet at CIM Group’s 211 Main St. for 10 years in what is one of 2016’s largest lease transactions.

The 18-story, Class A office asset is located in the South Financial District, where significant transformation is underway including the redevelopment of the Transbay Terminal. The renewal comes in advance of Schwab’s previous lease that was set to expire in May 2018.

The company remains committed to the city in which it was founded in 1971, although it says it is currently in the process of consolidating non-branch-office employees in San Francisco at the 211 Main St. site.

JLL represented Schwab in the lease. CBRE’s Mark Geisreiter, John Cecconi and Conor Famulener represented landlord.

Read more at SF Business Times

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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